Lucid
Lucid Group Analysis 14.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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A sharp increase is expectedAccording to the pattern, stock is in the best entry position and two levels of price increase up to 0.35 and possibly 0.4 are foreseen. Highly recommended for Mid-term.
Lucid Group Analysis 27.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Lower Levels for Lucid? Lucid Group - Short Term - We look to Sell at 35.20 (stop at 38.50)
Previous support level of 36.00 broken. Previous support at 36.00 now becomes resistance. Closed below the 20-day EMA. Our overall sentiment remains bearish looking for lower levels. Preferred trade is to sell into rallies.
Our profit targets will be 24.30 and 22.30
Resistance: 36.00 / 40.00 / 45.00
Support: 30.00 / 28.00 / 20.00
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Lucid Group Analysis 19.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
FISKER at an important support, ready for another rally?$FSR as it can be seen on the chart is at a support line which if it holds it will increase the chance to start a new rally. The other supporting conditions are oversold MoneyFlow or any momentum oscillator, a divergence between the price and the momentum oscillators for the last few days. If the support line does not hold, we should drop to the $12-$13 area, which has been a very strong support area even when there was heavy selling pressure on small caps particularly SPACs, and unbearably on most of the EV start-ups. So this area would present a very good entry point considering the risk and reward.
Today, $FSR has a 4.65B market cap, which if we compare it to $LCID at 60.78B it is way cheaper. The only big difference is that Lucid has started to put cars on the street while $FSR is set to do so in November 2022. The first Fisker car is a crossover SUV called Ocean, which has a superior design and very competitive pricing revealed by the company in the LA car show back in November. I am expecting a huge run when it happens and most likely when we get closer to the production.
Fundamentally, the company is doing well. Since it is still in its early stages it is considered risky, but given the lowered risk of production execution and having a top-tier design by the CEO himself this company had a lot of potentials for growth. EV stocks are expected to do very well in the coming few years as electrification is increasing exponentially. I am considering $FSR a good potential multi-bagger for the next few years, nevertheless, a lot depends on the execution of course. This is not financial advice, DYODD!
LCID Lucid Group like AMC Entertainment in May Welcome to my extensive and detailed technical analysis of Lucid Group ( LCID ).
Lucid Group caught my eye because of its similarity to AMC Entertainment in May 2021.
A comparison I show at the end of this analysis.
This analysis is very extensive and detailed and I show several bullish formations in the most diverse time windows.
The following time windows are discussed:
Weekly Chart
Four hours chart
Hourly Chart
To each analysis there will be a linked idea, so there is the possibility to judge individual analyses retrospectively using the play button function at TradingView (timestamp).
Let's start.
1. weekly chart
In the weekly chart, we can see and project different bullish patterns.
As seen in this analysis, a W formation has formed (white lines), which is currently in a so-called retest.
This retest can trigger a correction phase that can continue to the Fibonacci lines 0.236, 0.382, 0.618 and maximum to 0.786.
Typically, corrections are made to 0.236, 0.382.
The formation becomes invalid only when the price falls below the lowest point of the W formation.
The target of this formation can be divided into three targets.
Target 1 measured from the middle high to the "neckline".
Target 2 measured from the Left Low to the "Neckline".
Target 3 measured from the right low to the "neckline".
Thus, the following price targets result from this formation: (purple lines)
Target 1 53.54 USD
Target 2 66.13 USD
Target 3 76.05 USD
What is exciting here is that the chart at 64.82 USD, similar to AMC Entertainment back then can form a Superior W Formation, with targets of: (Blue lines)
100.08 USD
112.49 USD
113.58 USD
If one takes the trend-based Fibonacci Extensions to the help, one can determine additional Max targets that could be reached with strong sustained volume, and according to Elliot waves could define the target of wave 3. The targets are here, at the following price values: (Yellow lines)
159.66 USD
214.49 USD
248.38 USD
2. four hours chart
In the four-hour chart, we can see an Inverted Shoulder Head Shoulder Formation, which has already reached its target of 41.41 USD.
An Inverted Shoulder Head Shoulder Formation is a sign of a trend reversal and hereby signals us the end of the correction phase that has lasted since 18.02.2021.
After reaching the target and a subsequent correction phase, the price very often rises back to the price target of the Inverted SKS (Superior Retest of the W Formation from the weekly chart) and continues the upward movement.
3. hourly chart
In the hourly chart, we see a Bearish SKS that has its target at 30.33USD. (0.382 Fibonacci area from the weekly chart).
Overarching the possibility exists that a harmonic pattern is formed ( Gartley Formation ).
The Gartley Formation is to be considered as a trend-following pattern and gives the following price targets from point D ( 30.62 USD ): (Blue lines)
Target 1 34.78 USD
Target 2 37.40 USD
Target 3 44.65 USD
All these formations give me personally a good feeling that Lucid Group has a lot of potential upside in the long term.
Finally, I would like to show you a comparison picture to AMC Entertainment, immediately after my analysis at that time, the price of AMC Entertainment rose impulsively to the current all-time high at 77.30USD.
If you liked this idea, I would appreciate a click on the Like button ;)
If you have any questions, suggestions or a different opinion, don't be afraid to use the comment function.
Thanks a lot
Disclaimer:
Please keep in mind that this is a pure analysis and only reflects what my eye shows me ;)
This analysis is for informational purposes only and is scientific in nature.
This analysis is not based on any fundamental data!
This analysis is not an investment advice and should not be considered as a buy, sell or hold signal.
Always do your own research before investing and seek the advice of a qualified person.
I am not an investment advisor or similar and do not make any investment recommendations here.
LCID TECHNICAL ANALYSIS lcid is forming a cup and handle pattern on the daily.
if the trendline breaks, we may see a strong move.
hoping for the pattern to follow on through or hint to wanting to do so within the next two weeks.
i know it's a bit hard to see because u am trying something different with marking levels.
feel free to give and/or suggest advice on anything.
LCID: Watch for a possible reversal pattern!Hello traders and investors! Let’s analyze LCID today! I’ve been analyzing during my videos on YouTube, but this is the first time I write about it here on TradingView. I hope you’ll find something useful.
First, in the 1h chart, LCID is clearly in a bear trend. We have a series of lower highs/lows, and the 21 ema is above the price, pointing down, potentially working as a resistance today, as it couldn’t break it during the first hour.
In order for LCID to reverse, we must see it breaking the 21 ema, and doing a bullish structure, preferably, a higher high from here, followed by a higher low.
What’s more, if LCID is about to reverse, now is a good time. We don’t see any confirmation yet, but we are just above a support level, which is better seen from the daily chart:
Yesterday, we had a very strong bullish candlestick, with decent volume, just above the $ 39.27, the previous support level. The only problem here is the 21 ema again, which is also working as a resistance. It is worth to notice that the 21 ema in the daily chart is almost at the same price seen in the 1h chart, something not that common to happen, making it a dual-resistance in different time-frames.
This candlestick pattern alone might be a buy sign for many, as the risk/reward ratio is making sense, in my view. I just prefer to see a better bullish structure in the 1h chart first.
Let’s see how it’ll play next. If you liked this analysis, remember to follow me to keep in touch with my daily updates on stocks and indices!
Have a good day.